The Phaserl


This Fantasy Will End In Catastrophe For Markets & Economy

from KingWorldNews:

The Fed wants investors to be as unconcerned as the central bank is about inflation. Even though year-over-year consumer price inflation is above its target, the Fed chose in its latest press conference to claim that the 2.1 percent increase in prices paid represented merely “noisy” readings in the inflation gauge. However, the truth is that rising prices are a direct result of years’ worth of zero percent interest rates and $3.5 trillion in money printing provided courtesy of Banana Ben Bernanke and the Counterfeiting Queen, Janet Yellen.

It makes no difference to Ms. Yellen that price increases in the major inflation categories are rising above the Fed’s target. For example: food at home is up 2.5 percent; energy went up 3.3 percent; shelter rising at 2.9 percent; medical care services up 3.0 percent, and transportation services 3.1 percent. But somehow the widely dispersed increases in year-over-year inflation, which are already far above the Fed’s target, are being summarily dismissed as “noise” by our central bank. In the spirit of today’s central bankers, inflation is seen as a dear friend, but one they never seem able to recognize face to face.

Michael Pento Continues @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>